Earlier in the Morning Stir, we linked to Stephen Foster’s blog post that briefly mentioned the selling of W+K’s Portland HQ for $65 million, which then caused folks like George Parker to wonder if this meant the agency was closing. But like Foster himself noted, W+K is indeed staying put. Here’s a quick note the agency just sent to us that should clarify things:
“Yes in fact the W+K building was sold. But the building was not owned by the agency. It was owned by a group of investors. It was sold to a real estate group who owns most of the real estate in the neighborhood.